NZDUSD

Market Review 08-05

Market Review 08-05

RBNZ: OCR cut by 25 bps – TDS

The New Zealand Dollar is trading only slightly lower on Wednesday after a steep sell-off was triggered by the release of the Reserve Bank of New Zealand’s (RBNZ) interest rate decision. Earlier today, the RBNZ cut its benchmark interest rate for the first-time in two-and-a-half years and signaled a 50/50 chance of another easing, sending the Kiwi sharply lower.

The RBNZ lowered the official cash rate (OCR) by 25 basis points to an all-time trough of 1.50 percent, as expected, after switching in March to an explicitly dovish footing on weaker domestic activity and employment headwinds

https://www.fxempire.com/forecasts/article/nzd-usd-forex-technical-analysis-may-8-2019-forecast-573149

Pivot- 0.6591

Short positions below 0.6610 with targets at 0.6530 & 0.6465 in extension

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 0.6530
1
€ 2,096.44
€ 4,192.87
€ 536.80
5
€ 10,482.18
€ 20,964.36
€ 2,684.00
10
€ 20,964.36
€ 41,928.72
€ 5,368.00
25
€ 52,410.90
€ 104,821.80
€ 13,420.00
50
€ 104,821.80
€ 209,643.61
€ 26,840.00

EUR/NZD

Pivot- 1.7000

Long positions above 1.6980 with targets at 1.7120 & 1.7188 in extension

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.7120
1
€ 3,333.33
€ 6,666.67
€ 696.00
5
€ 16,666.67
€ 33,333.33
€ 3,480.00
10
€ 33,333.33
€ 66,666.67
€ 6,960.00
25
€ 83,333.33
€ 166,666.67
€ 17,400.00
50
€ 166,666.67
€ 333,333.33
€ 34,800.00

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